03rd Aug 2021 #BankniftyFuture Intraday Levels and Pre-Market Report

BankniftyFuture last close: 34825.85 (+0.4%)

On Monday, BNF was opened 34820 and went to 34987 again slipped to 34678.

Finally BNF was ended at 34825.85

BNF consolidated around 34700-34850 in whole day but did not sustained higher levels

Hdfcbank, Icicibank, and Kotakbank did not well

Axisbank was seen marginally higher

Volatility index was sustained 12.50-13

Above chart yesterday’s closing open interest data

As per OI, 35000CE was seen highest OI and followed by 34800CE

PE side there is no significant OI which is indicated short sellers dominated CE only

Let’s see technical levels

BNF is facing a intraday resistance 34880, 34950 and 35050 thereafter 35200

Above third and fourth resistance are crucial for today’s trade

If comes resistance zone can sell CE and buy PE until 35200

BNF can be considered as supports as 34750, 34650 and 34500

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Updated: 08.16 am / 03rd Aug 2021